LUNA and FTT Coin It was quite popular before the crash in 2022. We have seen the market value of tens of billions of dollars rapidly melt away at the hands of malevolent managers. This is not surprising in an environment where crypto does not yet have comprehensive regulations. So is there still hope for LUNA, LUNC and FTT?
FTT Coin Review
Court FTX approved the liquidation plan. So refunds will be issued in the coming weeks. While approval was received for the refund of nearly 7 billion dollars, the FTT detail was remarkable. The court accepted that FTT Coin, which was worth half a billion dollars on paper, was actually worthless. If there are not enough buyers, when the unit price is multiplied by the total number of tokens in hand, the result is a huge zero.
Even though the court accepted and registered that FTT Coin is worthless, investors pursuing speculative trading do not give up on it. Moreover, it became clear that the stock exchange would not reopen and FTT Coin had no use. Maybe it’s considered a meme coin, but there are thousands of them too.
Could there be speculative rises? Of course, it is possible, for example, we have seen an increase to the level of 3.4 dollars in the past few days. However, as you can see from the long milk wicks, these trials were always considered as sales opportunities.
Now there is a risk of a drop to $1.79 and then to $1.4. Since it essentially becomes useless in the long run, it would not be surprising if it is delisted by the stock exchanges and sent to zero. It is probably still traded on several exchanges.
LUNA and LUNC Comment
Another giant that went bankrupt terra happened. The UST peg broke down in mid-2022 and some large caps managed to profit from it. Then, while UST went to zero, LUNA first fell to single-digit prices and then to numbers with lots of zeros. There are still people who are still hopeful for Do Kwon to get the project off the ground.
However, when Kwon runs out of money, he is waiting for the day when he will be extradited to the USA or South Korea. In closings above $0.437, upper wicks can be seen between $0.50 and $0.75.
LUNC is experiencing the same fate again. Rebels of Terra It was not as successful as expected. LUNA There is a similar chart to . Here, long upper wicks may appear above $0.00009517.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
